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Peak oil

Professor Says Peak Oil in 2008 Caused Financial Crisis

Written by , on November 13, 2010

Professor Kjell Aleklett has told the ABC Science Show that oil production peaked in 2008 and has been in decline since. He says that the reserves are there but the flow is lower than in the past. Professor Aleklett, who is head of the Global Energy Systems group at Uppsala University in Sweden, also says […]  Read more »

Study Predicts Peak Coal As Early As 2011

Written by , on September 10, 2010

A study, led by Tad Patzek, chairman of the Department of Petroleum and Geosystems Engineering at the University of Texas at Austin, says that the world will face "peak coal" as soon as 2011. (The study defines "peak coal" as the peak in the amount of energy produced globally from coal.) In contrast, the U.S. […]  Read more »

German Military Study Warns of Potential Oil Crisis

Written by , on September 10, 2010

The German magazine Der Speigel has published part of a leaked draft German military analysis of the possible consequences of peak oil. The study was carried ou by the Future Analysis department of the Bundeswehr Transformation Center, a think tank set up to fix a direction for the German military. Last week the Guardian newspaper […]  Read more »

95% Renewable Energy by 2050 Blueprint

Written by , on June 16, 2010

Greenpeace International and the European Renewable Energy Council have produced a report titled: "Energy [R]evolution: A Sustainable World Energy Outlook" which provides a detailed blueprint for cutting carbon emissions while achieving economic growth by replacing fossil fuels with renewable energy and energy efficiency. Acopy of the full 212-page report is here; a 16-page summary is […]  Read more »

Gulf Spill Dwarfed by Other Oil Spills

Written by , on June 4, 2010

As disastrous as the Gulf oil spill is, it is dwarfed others aound the world. The Guardian, for example, has an article about Nigeria where, they say, more oil is spilled every year than has been lost in the Gulf spill – and it’s been happening for 50 years! Just last month, a ruptured ExxonMobil […]  Read more »

Total Oil Boss: “Supplies Will Not Cover Demand”

Written by , on January 21, 2010

In an interview with Time magazine, Christophe de Margerie, CEO of the French oil giant Total, has commented that "what will happen very soon is that oil supplies will not cover demand. That won’t mean there is no oil. There are oil reserves, but you will need to invest billions and billions to get it." […]  Read more »

IEA: Climate Inaction Would Cost $500 billion per annum

Written by , on November 11, 2009

The International Energy Agency, which provides energy statistics and projections to 28 industrialised countries, has issued a report warning that every year of inaction in cutting carbon emissions will cost the world an additional $US500 billion. The IEA estimates that in order to limit the rise in global temperatures to 2 degrees, non-fossil fuels will […]  Read more »

International Energy Agency Confirms Peak Oil

Written by , on October 30, 2008

The Financial Times has obtained a draft of the International Energy Agency’s annual report, which states that the rate of output from the world’s biggest oil fields is declining at 9.1 per cent a year. This is the first such authoritative study of oil reserves, which most oil producing countries keep secret. The International Energy […]  Read more »

Most Believe Oil Is Running Out

Written by , on April 22, 2008

Seventy percent of respondents to a survey including people from sixteen nations believe that the world’s oil supplies have already peaked. The survey, organised by the Program on International Policy Attitudes at the University of Maryland, polled 15,000 people in China, India, the United States, Indonesia, Nigeria, Russia, Mexico, Britain, France, Iran, Azerbaijan, Ukraine, Egypt, […]  Read more »

Shell Chief Predicts Oil Shortage

Written by , on January 27, 2008

It’s not the first time that an oil shortage has been predicted but it is the first time that such a prediction has come from the head of the world’s second largest oil company. Jeroen van der Veer, Shell’s chief executive, said in an e-mail to the company’s staff this week that demand for oil […]  Read more »